KASE Listing commission accepts a plan to eliminate grounds of transfer of bonds KZPC2Y03C346 (ASAVb2) of ASIA AUTO (Kazakhstan) to 'buffer category' February 11

/KASE, February 12, 10/ - The Listing commission of Kazakhstan Stock Exchange (KASE) on February 11, 2010 approved a plan to eliminate grounds of transfer of bonds KZPC2Y03C346 (ASAVb2; KZT1,000, KZT2.0 bn, 30.04.07 - 30.04.10; semiannual coupon indexed to inflation rate, 7.50 % APR as for the current coupon; 30/360) of ASIA AUTO (Ust-Kamenogorsk) to 'buffer category' of KASE. The KASE opinion dated February 4, 2010 says in January 2010 ASIA AUTO defaulted on the principal and interest for the last coupon on bonds KZPC1Y03C348 (ASAVb1). It was informed the bonds were removed January 5 from KASE after the circulation term had expired. In accordance with item 13-5 of the Appendix to order of Chairman of the Agency of the Republic of Kazakhstan on regulation of activities of the Regional Financial Center of Almaty "On requirements to issuers, supposed for listing or listing on the special trading floor of the Regional Financial Center of Almaty, and to such securities" dated May 8, 2008 No. 04.2-09/119 of ASIA AUTO dated January 27, 2010 provided KASE with a plan to eliminate grounds of transfer of securities to 'buffer category' of KASE. In accordance with item 13-7 of the Appendix the Exchange Council will consider approval of the decision. Should the Exchange Council approve the Listing commission decision, bonds KZPC2Y03C346 of ASIA AUTO will be transferred from the second subcategory of Non-rated debt securities to 'buffer category' on KASE, of which KASE will inform later. [2010-02-12]